Solana's Price Movement: Potential Breakout or Decline?

Solana (SOL) has been experiencing a period of low volatility, trading within a narrow range for almost a month. According to NS3.AI, this pattern reflects investor indecision. On-chain data indicates a rise in new addresses and consistent accumulation by long-term holders, pointing to increased interest in the network despite moderate buying momentum. Analysts suggest that a breakout above $88 could propel prices to $97 or higher, while failing to maintain support at $77 might lead to a decline towards $67.